Business and Tax News - Pension

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May 26th 2019
Tax Week 8
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PENSION - NEWS

Minimum Pension Contribution Increased From This April

PERSONAL TAX

Minimum Pension Contribution Increased From This April

Workplace pension contribution for auto-enrollment increased to a minimum total of 8 percent.
National Insurance Fund : Current Balance 24.2 Billion Pounds

PERSONAL TAX

National Insurance Fund : Current Balance 24.2 Billion Pounds

Since July 1948, the National Insurance Scheme has provided unemployment benefit, sickness and other benefits and pensions. We look at the funding for the scheme and its current status in both Great Britain and Northern Ireland.
Pension Freedom Leads To Over-Taxation

PERSONAL TAX

Pension Freedom Leads To Over-Taxation

Some people withdrawing money from pension pots are being taxed too much.
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